Bill > HB1582

This bill establishes new procedures for obtaining and using Sale for Resale (SFR) sales tax exemption permits in Oklahoma. Businesses must obtain a separate SFR permit for each business location from the Oklahoma Tax Commission at no charge, with the option to operate multiple locations under one permit. Vendors are required to honor valid SFR permits, which allow purchases to be made without collecting sales tax. The bill introduces an electronic verification system that will allow sellers to check the validity of SFR permit numbers, creating a presumption of a valid resale exemption when verified. Vendors who claim a resale exemption without a valid permit or after their permit has been suspended can be convicted of a misdemeanor and face fines up to $1,000. All SFR permits will expire at 11:59 p.m. on June 30 following their issuance, requiring annual renewal. The Oklahoma Tax Commission will manage the permit system and provide free verification services to sellers. The bill is set to take effect on June 1, 2026, and aims to streamline and strengthen the process for sales tax exemptions for businesses purchasing goods for resale.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1582&Session=2500